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04 Feb 2019, Radoslav Yordanov, EMIS Editor

Chinese bank could finance $ 2.5bn railway project in Argentina

The Chinese bank Eximbank could supply USD 2.5bn in financing for a railway connection project between Argentina and Chile, Luis Maria Agost Carreno, La Rioja province's regional integration and international co-operation secretary said quoted by M-Brain News Monitoring.

The project has the all the necessary technical and financial studies and according to Carreno, the bank already presented its offer consisting of 30-year loan with 3% interest and 1- years of grace. The secretary added that companies form Brazil, Argentina and Chile are also interested in investing into this project, which could materialise in three or four years.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: M-Brain News Monitoring